Core Insights - HCI Group missed Wall Street's revenue expectations for Q3 CY2025, with revenue at $216.4 million, a 23.4% year-on-year increase, but below the expected $224.7 million [1][2] - The company's GAAP profit of $4.90 per share significantly exceeded analysts' consensus estimates of $2.38 [1][2] - HCI Group's management highlighted strong profitability and growth in book value per share, indicating a solid quarter [2] Financial Performance - Net Premiums Earned were reported at $195 million, which is a 25.1% year-on-year growth but fell short of the $202 million estimate by 3.5% [2] - Pre-tax profit stood at $90.6 million, reflecting a 41.9% margin [2] - Book Value per Share increased to $63.41, representing a 45.9% year-on-year growth and surpassing the estimate of $59.43 by 6.7% [2] Company Overview - HCI Group operates as a property and casualty insurer, primarily focusing on homeowners coverage, and utilizes proprietary technology to enhance underwriting and claims processing [3] Revenue Growth - HCI Group has achieved an annualized revenue growth of 21.9% over the last five years, outperforming the average insurance company, indicating strong customer resonance [4] - The company reported an annualized revenue growth of 26.8% over the last two years, suggesting a recent acceleration in demand [5]

Financial Performance - Pre-tax income for Q3 2025 was $90.6 million, significantly up from $14.1 million in Q3 2024, with diluted EPS increasing to $4.90 from $0.52[2] - Year-to-date pre-tax income for 2025 reached $285.3 million, up from $167.5 million for the same period in 2024, with diluted EPS increasing to $15.47 from $8.59[8] - Net income for Q3 2025 was $67,888,000, significantly higher than $9,392,000 in Q3 2024, representing a 620.5% increase[26] - Basic earnings per share for Q3 2025 were $5.05, compared to $0.54 in Q3 2024, reflecting an increase of 834.3%[26] - Income before income taxes for the nine months ended September 30, 2025, was $285,330,000, up 70.3% from $167,536,000 in the same period of 2024[26] Premiums and Revenue - Gross premiums earned in Q3 2025 rose by 13.4% to $301.1 million compared to $265.5 million in Q3 2024, driven by a higher volume of policies in force[3] - Total gross premiums earned for the nine months of 2025 increased by 15.1% to $904.1 million from $785.7 million in the same period of 2024[9] - Net premiums earned rose to $194,991,000 in Q3 2025, up 25.1% from $155,824,000 in Q3 2024[26] - Total revenue for the nine months ended September 30, 2025, reached $654,703,000, a 11.2% increase compared to $588,176,000 for the same period in 2024[26] Loss Ratios and Expenses - The gross loss ratio improved to 22.0% in Q3 2025 from 39.8% in Q3 2024, reflecting lower catastrophic event activity and reduced claim frequency[5] - Losses and loss adjustment expenses for the nine months of 2025 decreased to $189.9 million from $264.0 million in 2024, with a gross loss ratio of 21.0% compared to 33.6%[10] - Policy acquisition and underwriting expenses for the nine months of 2025 rose to $89.5 million from $71.7 million in 2024, attributed to a higher volume of premiums[11] - Total expenses decreased to $125,751,000 in Q3 2025 from $161,237,000 in Q3 2024, a reduction of 22.0%[26] Investment and Other Income - The company reported net investment income of $17,529,000 for Q3 2025, up 27.0% from $13,714,000 in Q3 2024[26] - Policy fee income increased to $1,569,000 in Q3 2025, compared to $1,229,000 in Q3 2024, marking a growth of 28.0%[26] Shareholder Returns - Book value per share increased to $63.41 at the end of Q3 2025, up from $43.45 at the end of Q3 2024[22] - The company declared dividends per share of $0.40 for both Q3 2025 and Q3 2024, maintaining consistent returns to shareholders[26] Corporate Developments - The company established Exzeo as an independent, publicly traded entity, enhancing shareholder value[3] - Interest expense decreased to $1.0 million in Q3 2025 from $3.4 million in Q3 2024 due to the conversion of convertible senior notes[7]

Core Insights - HCI Group, Inc. reported significant growth in pre-tax income and net income for Q3 2025, with pre-tax income of $90.6 million and net income of $67.9 million, compared to $14.1 million and $9.4 million in Q3 2024 respectively [1][7] - The company achieved a diluted earnings per share of $4.90 in Q3 2025, a substantial increase from $0.52 in Q3 2024 [1][20] - HCI Group's gross premiums earned increased by 13.4% to $301.1 million in Q3 2025, driven by a higher volume of policies in force [2][20] Financial Performance - For the nine months ended September 30, 2025, HCI Group reported pre-tax income of $285.3 million and net income of $212.4 million, compared to $167.5 million and $123.4 million for the same period in 2024 [7][8] - The gross premiums earned for the nine months of 2025 rose by 15.1% to $904.1 million from $785.7 million in 2024 [8][9] - The gross loss ratio improved to 21.0% for the nine months of 2025, down from 33.6% in 2024, reflecting lower catastrophic event activity [9] Expense Management - Losses and loss adjustment expenses for Q3 2025 were $66.2 million, significantly lower than $105.7 million in Q3 2024, which included net losses from Hurricane Helene [4][26] - Policy acquisition and other underwriting expenses increased to $31.7 million in Q3 2025 from $26.1 million in Q3 2024, driven by a higher volume of premiums [5][10] - Interest expense decreased to $1.0 million in Q3 2025 from $3.4 million in Q3 2024 due to the conversion of convertible senior notes [6][11] Shareholder Value Initiatives - The company is focused on unlocking shareholder value and has established Exzeo as an independent, publicly traded entity [2] - Book value per share at the end of Q3 2025 was $63.41, up from $43.45 in Q3 2024 [20] Conference Call - HCI Group will hold a conference call on November 6, 2025, to discuss these financial results, hosted by key executives [13]

Core Insights - HCI Group is anticipated to report a year-over-year earnings increase driven by higher revenues for the quarter ended September 2025, with a consensus EPS estimate of $2.35, reflecting a +400% change from the previous year [1][3] - The upcoming earnings report is scheduled for November 6, and stock movement may depend on whether actual results exceed or fall short of expectations [2] Financial Performance Expectations - Revenues for HCI Group are projected to reach $224.86 million, representing a 28.3% increase compared to the same quarter last year [3] - The consensus EPS estimate has been revised 0.24% higher in the last 30 days, indicating a positive reassessment by analysts [4] Earnings Surprise Potential - HCI Group has an Earnings ESP of +87.40%, suggesting a strong likelihood of beating the consensus EPS estimate [12] - The company holds a Zacks Rank of 2, further supporting the expectation of an earnings beat [12] Historical Performance - In the last reported quarter, HCI Group exceeded the expected EPS of $4.47 by delivering $5.18, resulting in a surprise of +15.88% [13] - Over the past four quarters, HCI Group has consistently surpassed consensus EPS estimates [14] Industry Context - In comparison, American Financial Group is expected to post earnings of $2.35 per share for the same quarter, with a year-over-year change of +1.7% and revenues projected at $2.06 billion, down 9.8% from the previous year [18][19] - American Financial's consensus EPS estimate has been revised 3.4% lower, resulting in an Earnings ESP of -1.56% and a Zacks Rank of 4, indicating challenges in predicting an earnings beat [19][20]

Core Insights - Investors in HCI Group, Inc. should monitor stock movements due to significant implied volatility in the options market, particularly the Nov 21, 2025 $90.00 Put option [1] Company Overview - HCI Group is currently rated as Zacks Rank 2 (Buy) in the Insurance - Property and Casualty Industry, which is in the top 14% of the Zacks Industry Rank [3] - Over the last 60 days, one analyst has raised the earnings estimate for the current quarter from $1.64 per share to $2.35 per share, with no downward revisions [3] Market Sentiment - The high implied volatility suggests that options traders anticipate a significant price movement for HCI Group shares, indicating potential upcoming events that could lead to a rally or sell-off [2][4] - Options traders often seek high implied volatility options to sell premium, aiming to benefit from the decay of options value if the stock does not move as expected [4]

Core Points - HCI Group, Inc. will hold a conference call on November 6, 2025, at 4:45 p.m. Eastern Time to discuss Q3 2025 financial results [1] - Financial results will be released in a press release on the same day after market close [1] - The call will include a presentation by HCI management followed by a Q&A session [1] Conference Call Details - Interested parties can join the call by dialing the toll-free number 877-545-0320 or the international number 973-528-0002 [2] - The participant access code for the call is 310078 [2] - Attendees are advised to call 10 minutes prior to the start time for registration [2] Replay Information - A replay of the call will be available after 8:00 p.m. Eastern Time on the same day [3] - The replay can be accessed via the toll-free number 877-481-4010 or the international number 919-882-2331, with the replay passcode 53155 [3] Company Overview - HCI Group, Inc. operates through two main units: insurance companies and Exzeo Group, which focuses on insurance technology [3] - The insurance unit includes four top-performing insurance companies and a captive reinsurance company [3] - Exzeo Group utilizes advanced underwriting algorithms and data analytics to enhance underwriting outcomes for property and casualty insurers [3] Stock Information - HCI Group's common shares are traded on the NYSE under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index [4] - The company regularly publishes financial information on its Investor Information section of the website [4]

Core Viewpoint - HCI Group, Inc. has announced the IPO launch of its subsidiary Exzeo Group, Inc., retaining majority ownership post-IPO [1] Group 1: IPO Details - Exzeo is offering 8.0 million shares of common stock in the IPO, all of which are primary shares [1] - The IPO price is expected to be between $20.00 and $22.00 per share [3] - Exzeo has applied to list its common stock on the New York Stock Exchange under the ticker symbol "XZO" [3] Group 2: Underwriter Information - Exzeo intends to grant underwriters a 30-day option to purchase up to an additional 1.2 million common shares at the IPO price, less underwriting discounts and commissions [2] - Truist Securities is acting as lead left bookrunner, with Citizens Capital Markets and William Blair as joint active book-running managers, and Fifth Third Securities as a co-manager [3]

Core Viewpoint - HCI Group, Inc. announced the IPO of its subsidiary Exzeo Group, Inc., offering 8 million shares priced between $20.00 and $22.00 per share, with HCI retaining majority ownership post-IPO [1][2]. Group 1: IPO Details - Exzeo is offering 8,000,000 primary shares in its IPO, with an additional 1,200,000 shares available for underwriters [1]. - The expected IPO price range is between $20.00 and $22.00 per share [1]. - The registration statement is anticipated to become effective on November 4, 2025, unless further action is taken by the SEC [2]. Group 2: Underwriters - Truist Securities is the lead left bookrunner for the offering, with Citizens Capital Markets and William Blair as joint active book-running managers, and Fifth Third Securities as a co-manager [3]. Group 3: Company Overview - HCI Group operates through two units: one includes insurance companies and a reinsurance company, while the other, Exzeo Group, focuses on insurance technology using advanced algorithms and data analytics [6]. - HCI Group's common shares are traded on the NYSE under the ticker symbol "HCI" and are part of the Russell 2000 and S&P SmallCap 600 Index [7].

Table of Contents As filed with the Securities and Exchange Commission on October 16, 2025. Registration No. 333-290500 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Exzeo Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Florida 6331 85-2578837 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Id ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates is challenging due to inherent volatility and risks [1] Group 1: HCI Group's Growth Potential - HCI Group is recommended as a strong growth stock based on its favorable Growth Score and top Zacks Rank [2] - The historical EPS growth rate for HCI Group is 152.2%, with projected EPS growth of 130.5% this year, significantly higher than the industry average of 11.8% [4] - HCI Group has an asset utilization ratio of 0.35, indicating it generates $0.35 in sales for every dollar in assets, which is more efficient than the industry average of 0.34 [5] - The company's sales are expected to grow by 18.9% this year, compared to the industry average of 5% [6] Group 2: Earnings Estimate Revisions - The current-year earnings estimates for HCI Group have been revised upward, with the Zacks Consensus Estimate increasing by 4.6% over the past month [8] - The positive trend in earnings estimate revisions correlates strongly with near-term stock price movements, supporting HCI Group's growth outlook [7] Group 3: Overall Positioning - HCI Group holds a Zacks Rank of 2 (Buy) and a Growth Score of B, positioning it well for potential outperformance in the growth stock category [10]